Business

Jacob Ryan published in Business

Get Your Hands On 11 Accounting Tools For Business

Do you know only 75 percent of the business in the United States will ever reach the two-year mark annually? Again, according to the Bureau of Labor Statistics, about two-thirds of businesses survive two years in business, half of all businesses will survive five years, and one-third will survive 10 years. One of the key reasons most failed business owners claim for the demise of their venture is money problems.

No matter how small or big your business is, managing its financial side can be downright frustrating. Unless you are a mathlete or loves crunching numbers, accounting can be the most excruciating part of running your own small business. From tracking expenses meticulously to identifying personal and business taxes, numerous entrepreneurs get bored easily, compared to the thrilling bootstrapping of owning a small business. And if you mess up your accounting records, you are looking at lost money, countless missed opportunities, or even a knock on your door from the IRS easily. Surely, you do not want that to happen. It is true that managing your small business’s financial needs impeccably is the ‘key’ to your success as an entrepreneur. But, nobody said you have to do it all on your own.

Go through today’s post to take a look at these amazing 11 accounting tools and software that can improve your business’s financial management process by many a notch. Undoubtedly, every small business is unique- but every small business can benefits loads from the exemplary tools we have just gathered for you.

11 Best Accounting Software You Should Opt for Your Small Business

1.QuickBooks

QuickBooks has been the holy grail of accounting tools for quite some time, and we don’t think it’s going to change anytime soon. Founded by the trusted Intuit, QuickBooks is developed for small and medium-sized businesses. It is billed as an all-in-one cloud-based accounting platform for everything from bill payment, money management to payroll functions.

Features-

  • Mobile access
  • Send estimates
  • Track sales and sales tax
  • Shopify and PayPal integration
  • Connect credit card/ bank accounts

Pricing- The pricing starts at $8/ month. It is a tad bit more than some other software out there, but you can definitely get the best bang for your buck.

2. FreshBooks

If you are the one who is always sending out recurring invoices for your ‘do my homework ’ services, requires time tracking capability, or run a subscription model business, FreshBooks could be an ideal option for you. It is a remarkable all-in-one cloud accounting software for small business teams and entrepreneurs. Its award-winning customer service is always free and supported by real humans, which is a saving grace for young businesses.

Features-

  • User-friendly interface
  • Unlimited invoices, estimates, expense entries, and time tracking
  • Auto syncs with different bank accounts
  • 200+ integrations
  • Payroll processing
  • Streamlined payment collection

Pricing- Their pricing starts at $15 per user per month for the Lite plan.

3. Wave

Wave is something that you are not expecting- completely free accounting software designed to offer all the basic accounting features that you might ever need. It is a completely easy-to-use and intuitive software application created for freelancers, sole proprietors, and micro-businesses who can create professional invoices without any charge.

Features-

  • Clean UI
  • Unlimited customizable invoices and receipt scanning
  • Unlimited income and expense tracking
  • Connected to Shoeboxed, PayPal, and Etsy
  • Payroll tracking
  • Automatic payment transaction reconciliation

Pricing- Pricing is what makes it a fit for best accounting software for small businesses- even when you are offering English homework help students on a freelance basis. Wave makes money by offering you a comprehensive online payment module with a small $0.30 +2.9% per transaction fee.

4. ZipBooks

An incredible fit for freelancers, small businesses, consultants, and contractors, newcomer ZipBooks, comes adorned with an exemplary time-tracking capability. It is a simple and lightweight small business accounting software tool that ensures to take the headache out of accurate accounting. You can use it for free if you are fine with the limitations. But, the good news is that the paid plans are quite affordable as well. Further, they have sophisticated features in the premium version for small and mid-sized business owners.

Features-

  • Manage unlimited vendors and customers
  • Accept payments via PayPal and Square
  • Payroll processing and automated reminders
  • Time tracking
  • Account reconciling

Pricing- Along with the free Starter Plan, Zipbook offers two paid plans. ‘Smarter’, which costs $15/month, and ‘Sophisticated’ that costs $35 per month.

5. Xero

This exemplary accounting tool is not only one of the best business accounting software for small businesses but also a brilliant alternative to QuickBooks listed above. It is a revolutionary accounting tool with one-of-a-kind features that you will want to have. User experience is on par with the best solutions in the market. What more, their amazing support team offers quick assistance to keep your accounting system up and running.

Features-

  • Inventory tracking
  • Reconcile bank transactions
  • 800+ business apps
  • Tracking payroll
  • Multi-currency
  • Calculation of sales tax

Pricing- Xero offers three plans- Early with a limited functionality coming at $9/month; Growing running at $30/month, and Established coming at $60/per month.

6. Zoho Books

Celebrating its 10th anniversary in 2021, Zoho Books is a simple yet scalable accounting tool for those who are self-employed and small businesses. It is easy to use, budget-friendly and makes a unique option on our extensive list. Features are limited but can make use of additional Zoho Tools (like Zoho CRM) to boost the functionality as your business expands.

Features-

  • Creates invoice in a jiffy
  • Give customers online payment options
  • Upload expense receipts
  • Track inventory and bank reconciliation
  • Project billing and Time Tracking

Price- It offers the Basic Plan that is available for $9/month, Standard Plan available for $19/month, and Professional Plan that comes at $29/month.

7.Sage Accounting

If you happen to own a one-person business, this exemplary tool should definitely be at the top of your list. With its aid, you will be able to track payments, expenses, set automatic reminders for payments, and other vital tasks. If you are also looking towards streamlining the accounting processes of your medium-sized business, you can give it a try to Sage 50 Accounting. It offers a set of payroll and accountancy products with special features meant to cater to various world regions.

Features-

  • Invoicing
  • Compliance and accounting management
  • Seamless electronic payments
  • Detailed financial analysis
  • Data imports and exports

Price- It comes with a basic package of $10 per month. But, if you need more functionality, you can upgrade to Sage Accounting, which comes at $25 a month.

8. Pabbly

Pabbly Subscription Billing is recurring and subscription management software for small to medium-sized businesses. In our opinion, the best thing about Pabbly Subscription Billing is that it is the only software that does not charge any extra fees based on per-transaction and monthly revenue generation. Moreover, it is a PCI-compliant billing platform and supports 23+ global currencies.

Features-

  • Real-time actionable metrics on monthly payments, revenue, active customers, and new subscriptions
  • Automation of business workflow
  • Customer communication
  • Creation of invoices
  • Supports multiple giant payment gateways like PayPal and Stripe

Price- This incredible tool starts with the pricing of $9 per month.

9. Kashoo

Kashoo is designed with the aim to help business owners automate much of the administrative work behind bookkeeping. All thanks to its machine-learning algorithms, Kashoo can comprehend your business better the more you use it. Everything from receipt categorization to sales tracking can be analyzed by the tool. It uses these to recommend steps to save money, minimize waste, and streamline overall efficiency.

Features-

  • Automatically categorizes every transaction and sorts it out
  • Keeps track of vendors
  • Creates and categorizes digital copy of the receipt in 2 seconds
  • Creates contacts automatically from transactions

Pricing- Kashoo costs $199 per year (about $16 a month), but business owners like science homework help experts intrigued in its approach to bookkeeping can also sign up for a free trial.

10. OneUp

Akin to Kashoo, OneUp also aims to make bookkeeping a much more streamlined process by automating mundane routine tasks. Once it learns how your accounting works, it then prompts users to validate suggested reconciliations with a single swipe on the mobile device. It can also match individual bank transactions with overdue invoices, saving even more precious time for the business owners.

Features-

  • Barcode Integration
  • Customer Management
  • Email Integration
  • Financial Management
  • Investment
  • POS invoicing

Pricing- You can get a plan starting at just $9 per month or sign up for a free 30-day trial of OneUp.

11. Blackbaud Financial Edge NXT

Non-profit organizations face a completely different set of financial challenges than other companies. But, not all commercial accounting software addresses these differences in their functionality, which is why these organizations should consider using the Blackbaud Financial Edge NXT app. It is fully compliant with generally accepted accounting principles of the Financial Accounting Standard Board in the US. Further, they allow these organizations to budget many years in advance.

Features-

  • Offers general ledger, projects, grants, endowments, fixed assets, banking, and more.
  • Closely monitoring income statements
  • Real-time reporting
  • One-click-drill-down functionality
  • Facilitate data-driven decisions in real-time

Pricing- Prospective NXT customers can contact Blackbaud directly for detailed pricing information.

The Bottom Line

Irrespective of how small or big your business is, you could absolutely save your precious time and energy for your financial management tasks by incorporating these smart tools into your daily life. Whether you can’t stand entering employee expenses or processing the payroll, or you need assistance in managing the finances of your business, these 11 remarkable options can be your savior. As a small business owner, understand that every day is a precious chance for you to develop and grow your business. Use these tools wisely to take advantage of your time smartly. Wishing you all the luck!

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techsaa published in Business

‘Anti-capitalist’ Verkada hacker punished by US with attacks on dozens of companies

Verkada hacker

The government of the U.S. has accused Swiss computer hacker Tillie Kottmann of several accounts of wire fraud, conspiracy, and identity theft. The indictment accuses Tillie Kottmann and co-conspirators of hacking “dozens of corporations and public bodies” and publishing online personal data and the source code of over 100 companies.

The 21-year-old Tillie Kottmann, who uses pronouns from them, was most recently associated with a security violation of U.S. company Verkada, which revealed films from more than 150,000 company monitoring cameras. But the charges filed this week date back to 2019 when Kottmann and associates have accused themselves of targeting, ripping, and posting their material on a website that Kottmann created and managed called Git. Rip.

Since then, Git. Rip has taken over the FBI but has exchanged code and data from many companies, including Microsoft, Intel, Nissan, Nintendo, Disney, AMD, Qualcomm, Motorola, Adobe, Lenovo, Roblox, and many more (though no firms are explicitly named in the indictment). In each case, the very existence of these data differed. The source code for valuable, intelligent car components, for instance, was found in hundreds of code repositories run by German automaker Daimler AG. At the same time, an infringement of Nintendo’s programs, which Kottmann said did not originate directly with them, but were reshared through a Telegram channel, gave players unique insights into unreleased features from old games.

In interviews with previous violations, Kottmann consistently stated that the data they found were generally exposed to weak security standards by the companies themselves. “I always only search for interesting GitLab instances, often with simple Google dorks, when I get bored and I am always amazed that there seems to be little thought on defense,” Kottmann said in May 2020 to ZDNet. (“Google dorks” or “Google Dorking” refers to the use of sophisticated search strings to detect vulnerabilities on Google’s public servers).

Kottmann and his partners reportedly found “Super Admin” credentials in the case of the Verkada breach, which gave them unrestricted access to the systems of the company, which had been “publicly exposed on the internet.” These connections allowed hackers to view live feeds of over 150,000 internet-connected cameras. These cameras were mounted in jails, hospitals, warehouses, and Tesla factories.

Kottmann said hacktivism’s spirit guided them: they wanted to reveal companies’ shoddy safety work before malicious actors could lead to more significant damage. Kottmann said to BleedingComputer last June that they did not often contact businesses before exposing their data but tried to avoid direct damage. “I am trying to do my best to keep any big things from being released directly,” they said.

Following the violation of the Verkada, Kottmann told Bloomberg that “much interest, freedom of information and intellectual property, big doses of anti-capitalism, a touch of anarchy—and it’s just too much fun not to do that” was the reason behind their hacking.

Not surprisingly, the U.S. government takes a dimmer view of these practices. “Stealing credentials and data and posting on the web source code, confidential and sensitive information is not free speech — it is theft and fraud,” U.S. lawyer Tessa M. Gorman, acting attorney, said in his press release. “These activities will raise everybody’s vulnerabilities to individual customers from large firms. Sticking with a supposedly altruistic excuse does not eradicate the illegal stench from such intruder, robbery and fraud.”

The charges include multiple tweets and messages sent by Kottmann using manuals such as @deletescape and @antiproprietary as proof. These include a tweet sent on 17 May 2020 saying, “I love to help businesses open source their code;” a letter to an anonymous associate asking for “access to all sensitive data, records, binaries or source code;” and a tweet sent on 21 October saying that stealing and publishing” company data “is the right thing to do morally.”

Kottmann is currently in Lucerne, Switzerland, where the Swiss authorities have recently invaded their premises and confiscated their appliances. It is unknown whether or not they are extradited to the U.S. Bloomberg notes that Zurich lawyer Marcel Bosonnet, previously representing Edward Snowden, retained the services of Kottmann. The charges against Kottmann are punishable by up to 20 years in jail.

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sharonlathrop99 published in Business

Why Graphite is used in steel industries?

Graphite is the strongest material yet discovered it is 200 times stronger than steel.  Graphite has a free electron in its outer surface which makes it a good electrical conductor. Graphite is used at the domestic level as well as at the industrial level. Graphite can be used in batteries, lubricants, pencils, solar panels, etc. It is also used for the making of graphite rings, plates, heaters, nuts, and bolts, etc. the global market of graphite is increasing day by day as in 2016 the market value of graphite was 12.5 billion U.S Dollars and now it touching 17.6 billion U.S Dollars. China, Mozambique, Brazil, India, Russia, Pakistan, and many other countries are producing the graphite.

Graphite is used in steel for various purposes like it is tough to melt, a good conductor of electricity, used as a lubricant, etc.

1.       Graphite is available in natural as well as in synthetic form. It can’t be melting at normal temperature. According to stats the normal melting point of natural graphite is 3650 centigrade

2.       Graphite has a free electron in its outer surface which makes it a good cotutor of electricity, due to this feature it is used in batteries to enhance its life.

3.       Graphite is 200 times stronger than steel; many companies prefer graphite to be used in fishing rods, golf kits, bicycle frames, etc. This is one of the minerals which is stable under standard conditions.

Temperature resistant Element:

 We make your CUSTOM graphite Molds | Etsy | Handmade glass beads, Art jewelry elements, Lampwork glass beads

Graphite electrodes are widely used in manufacturing industries as they are built to bear intense temperatures inside the furnaces. The graphite molds and graphite electrodes can go up to thousands of temperatures.

 

Wear Resistant Lubrication Material:

Graphite is used as wear-resistant lubrication material in the clothing industry. It is used as casting, foundry, molding, and high-temperature bearing material. The national defense industry uses graphite in its many devices, aircraft, and other defense artillery. In atomic bombs and other detonation devices, graphite is a handy component. In space rockets and other navigational devices, graphite remains an important part of the system. Heat insulating systems, anti-radiation material, and temperature-resistant material use this amazing material. These are some of the practical uses of Graphite in various industries including Steel industries. You can find more about the benefits of using Graphite and these are some brief examples. Hope this helps.

Graphite can be used as graphite molds in various industrial machinery and vehicles. graphite crucibles, graphite plates, and graphite rings are widely used in mechanical parts of heavy machinery. Graphite electrodes and hooks are also famous in the manufacturing and steel industry.

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